This is the right time to invest in Fixed deposits Why?
📌 As everyone knows that the interest rates in India peaked in the last two quarters and the RBI has paused it.
📌 India's inflation rate has started to reduce and it shows clearly that RBI will not increase the rate further, either it will pause it or going to reduce it.
📌 So say for example the FD rate for 1 year is 7% now. I am investing in it and we know clearly that these rates are going to reduce in future but for the next 1 year we are assured to get 7% return as banks will not change the rate for existing FD, it will change rates only on either new FD or at the time of renewal of FD.
📌 It's very clear that this is the right time to invest in FDs to get the maximum return.
📌 One of the common strategies investors will use while investing in FD's are
1) Don't put all your money into a single FD, because when you need it for any emergency purpose, you need to premature withdraw it and banks will charge some charges on it.
2) Always split and invest, like if you have 5 lakhs invest 3 lakhs and 2 lakhs as a separate FD's, so that in case of emergency withdrawal you will lose interest only on one FD not on both.
Hope I explained clearly.
#fixeddeposits #invest #inflation
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